As a publicly traded company, we may not have visibility into individuals with ownership interests under 10%. Will that be okay with the evaluators if we disclose owners with interest above 10% instead of 5%?

When completing the Commercial Cannabis Business application, applicants will want to follow both the Administrative Regulations and the Application Procedures Guidelines.  In the event an applicant who is financed through a publicly-traded company is unable to disclose the personal information of those individuals with an ownership interest of 5% or more, said the applicant should provide a thorough description of the corporate structure and explain why those required individual have not been disclosed.  The City will review the material and handle the scoring on a case by case basis.

For more information, visit the Cannabis Retail RFP page.

Close window